HB3631 - Relating to a credit against required recapture payments for certain school districts for the cost of windstorm and hail insurance under the public school finance system.

  89R15181 MEW-D     By: Hunter, Lozano, Villalobos, H.B. No. 3631       Lopez of Cameron, Leo Wilson       A BILL TO BE ENTITLED   AN ACT   relating to a credit against required recapture payments for   certain school districts for the cost of windstorm and hail   insurance under the public school finance system.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter D, Chapter 49, Education Code, is   amended by adding Section 49.1573 to read as follows:           Sec.   49.1573.     CREDIT FOR WINDSTORM AND HAIL INSURANCE   COSTS. (a)   This section applies only to a school district that is   located in a first tier coastal county or second tier coastal   county, as those terms are defined by Section 2210.003, Insurance   Code.           (b)     The total amount required under Section 49.153 for a   school district to which this section applies to purchase   attendance credit under this subchapter for any school year is   reduced by an amount equal to the amount of money spent by the   district in the preceding school year to pay for the cost of   windstorm and hail insurance.           (c)     A reduction under Subsection (b) shall be made after   making any reduction to which the district is entitled under   Section 49.157 or another provision of this chapter.          SECTION 2.  This Act takes effect September 1, 2025.